Zoom Video Communications, Inc. (NASDAQ:ZM) Holdings Lifted by Vectors Research Management LLC

Vectors Research Management LLC raised its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM) by 7.1% in the third quarter, Holdings Channel.com reports. The fund owned 3,869 shares of the company’s stock after acquiring an additional 256 shares during the quarter. Vectors Research Management LLC’s holdings in Zoom Video Communications were worth $270,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Innealta Capital LLC bought a new position in shares of Zoom Video Communications in the 2nd quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Zoom Video Communications in the second quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Zoom Video Communications during the second quarter valued at approximately $41,000. Allworth Financial LP increased its holdings in Zoom Video Communications by 43.8% in the 3rd quarter. Allworth Financial LP now owns 591 shares of the company’s stock worth $41,000 after purchasing an additional 180 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Zoom Video Communications by 56.0% in the third quarter. Venturi Wealth Management LLC now owns 763 shares of the company’s stock valued at $53,000 after acquiring an additional 274 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on ZM. Robert W. Baird cut their price target on shares of Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating on the stock in a report on Thursday, August 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price target on shares of Zoom Video Communications in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upped their price target on Zoom Video Communications from $71.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Wells Fargo & Company upped their price target on Zoom Video Communications from $55.00 to $60.00 and gave the stock an “underweight” rating in a research note on Thursday, August 22nd. Finally, Stifel Nicolaus raised their price target on Zoom Video Communications from $65.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Zoom Video Communications presently has a consensus rating of “Hold” and a consensus target price of $76.26.

Zoom Video Communications Stock Down 2.8 %

Shares of ZM opened at $82.63 on Friday. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $87.15. The firm has a market cap of $25.43 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 7.33 and a beta of -0.05. The company’s fifty day moving average is $71.48 and its two-hundred day moving average is $64.59.

Zoom Video Communications (NASDAQ:ZM) last issued its earnings results on Wednesday, August 21st. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.18. Zoom Video Communications had a net margin of 19.08% and a return on equity of 10.77%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business posted $0.55 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities research analysts anticipate that Zoom Video Communications, Inc. will post 2.74 earnings per share for the current year.

Insider Buying and Selling at Zoom Video Communications

In related news, COO Aparna Bawa sold 880 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $68.09, for a total value of $59,919.20. Following the completion of the transaction, the chief operating officer now directly owns 2,809 shares in the company, valued at approximately $191,264.81. The trade was a 23.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric S. Yuan sold 178,571 shares of Zoom Video Communications stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $76.91, for a total transaction of $13,733,895.61. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 372,121 shares of company stock valued at $27,095,467. Corporate insiders own 10.78% of the company’s stock.

Zoom Video Communications Company Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.